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BlackRock, the world’s largest asset manager, has tokenized its money market fund shared, which were later provided as collateral to Barclays in an over-the-counter derivatives deal, JPMorgan Chase & Co. announced on Wednesday. See related article: Binance users in Hong Kong hooked by US$450,000 phishing attacksFast FactsBlackRock executed the transaction on
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American banking giant JPMorgan debuted its in-house blockchain-based tokenization application, the Tokenized Collateral Network (TCN), on Oct. 11, according to Bloomberg. TCN settled its first trade for asset management giant BlackRock.The Tokenized Collateral Network is an application that allows investors to utilize assets as collateral. Using blockchain technology, investors can transfer
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“Onyx Digital Assets already enables clients to access intraday liquidity via repo transactions,” said Tyrone Lobban, JPMorgan’s Head of Onyx Digital Assets, in a statement. “Now with the launch of TCN, clients can benefit from additional utility from their MMF investments by posting tokenized MMF shares as collateral – a
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Eric Balchuna claims that by the end of 2024, there is a 95% chance that a spot Bitcoin ETF will be approved, up from a 75% likelihood this year. The United States Securities and Exchange Commission (SEC) has once again postponed its decision on multiple proposals for spot Bitcoin exchange-traded funds
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The United States securities regulator has delayed the decision on several spot Bitcoin exchange-traded fund (ETF) proposals, including BlackRock, ahead of an anticipated government shutdown. Invesco, Bitwise and Valkyrie are the other three firms that were hit with delays by the Securities Exchange Commission in separate Sept. 28 filings.Bloomberg ETF analyst James
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Based on a recent report by Bloomberg analyst Jamie Coutts, asset managers’ interest in Bitcoin stretches beyond exchange-traded funds (ETF) into the
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After rumors surfaced suggesting that BlackRock, the largest asset management firm, is poised to acquire Voyager Digital, crypto.news confirmed that the deal was fabricated. When crypto.news reached out to BlackRock to confirm the veracity of the alleged buyout, Carolyn Vadino, the firm’s managing director of corporate communication, categorically confirmed that
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The Bitcoin price currently remains in a vulnerable position. Meanwhile, recent on-chain data suggests that Bitcoin whales are accumulating, but contrary to
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The SEC will have an additional 45 days after the publication in the Federal Register to evaluate the suggested rule. The next decision is pending on October 17, next month. On Thursday, August 31, the US Securities and Exchange Commission (SEC) delayed its decision on bringing the first spot Bitcoin
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Numerous theories emerge whenever the price of Bitcoin (BTC) takes a sudden and steep drop. The usual suspects include government regulations, the possibility of exchanges manipulating prices, Bitcoin whales manipulating prices, over-leveraged traders, and some conspiracies involving Tether (USDT).SEC kicks Bitcoin ETF can down the roadBetween Aug. 15 and Aug.
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